{"id":38882,"date":"2022-04-28T17:30:56","date_gmt":"2022-04-28T12:00:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/uk-reliance\/"},"modified":"2022-04-28T17:30:56","modified_gmt":"2022-04-28T12:00:56","slug":"uk-reliance","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/uk-reliance\/","title":{"rendered":"Reliance Industries plan bid for UK retail major Boots: Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1122043975\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>London, Apr 28 (PTI) Mukesh Ambani led Reliance Industries is considering a joint bid with US buyout firm Apollo Global Management for Britain&#8217;s well-known retailer Boots, according to a UK media report on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2569055021\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>According to \u2018The Financial Times\u2019, the American private equity firm is working with one of India\u2019s richest businessmen on a bid for the Nottingham-headquartered health and beauty retail chain. If successful, it is expected to result in Boots expansion into India, South-east Asia and the Middle East.<\/p>\n<p>The newspaper said people familiar with the matter said Reliance and Apollo Global would own equity stakes in Boots under the plan, but it is not clear whether their stakes would be the same size.<\/p>\n<p>So far, Apollo declined to comment and Reliance Industries is yet to respond on the queries.<\/p><div class=\"trade-content_5\" id=\"trade-879228079\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Boots\u2019 US parent company, Walgreens Boots Alliance, put the business up for sale in December last year to focus on healthcare in its domestic market. It has set a deadline of May 16 for bids, one of the people told the newspaper.<\/p>\n<p>Boots, a popular pharmacy chain in the UK, has more than 2,000 stores across the country and reportedly gets about 45 per cent of its estimated GBP 6 billion in annual revenues from providing services such as prescriptions and vaccinations to the UK\u2019s state-run National Health Service (NHS).<\/p>\n<p>Ambani&#8217;s other major UK acquisition in recent years was in 2019, when he bought the famous toy retailer Hamleys for an undisclosed sum. PTI AK  ZH ZH ZH<\/p>\n<div class=\"trade-after-content\" id=\"trade-615268666\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>London, Apr 28 (PTI) Mukesh Ambani led Reliance Industries is considering a joint bid with US buyout firm Apollo Global Management for Britain&#8217;s well-known retailer Boots, according to a UK media report on Thursday. According to \u2018The Financial Times\u2019, the American private equity firm is working with one of India\u2019s richest businessmen on a bid [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-38882","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Industries plan bid for UK retail major Boots: Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/uk-reliance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Industries plan bid for UK retail major Boots: Report\" \/>\n<meta property=\"og:description\" content=\"London, Apr 28 (PTI) Mukesh Ambani led Reliance Industries is considering a joint bid with US buyout firm Apollo Global Management for Britain&#8217;s well-known retailer Boots, according to a UK media report on Thursday. 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